New Directive 77/388/EEC on system of value added tax
Council Directive 77/388/EEC of 17 May 1977 on the harmonisation of the laws ofthe Member States relating to turnover taxes — Common system of value added taxand uniform basis of assessment has been significantly and repeatedly amended.Therefore there was need for an updated and integrated Directive governing thesystem of added valued tax. The new Council Directive 2006/112/EC on the commonsystem of value added tax summarizes the whole system and stipulates the rulesto be generally applied. The Directive also contains a list of Directives thatare repealed by this Directive. This Directive entered into force on 1 January2007 and must be implemented by Member States by 1 January 2008.
Other articles
KŠB advises Smart Energies Group on transaction supporting wind power development
KŠB has advised Smart Energies Group (SEG) on a transaction with NOHO and innogy Česká republika. The transaction is intended to support the development of wind power in the Pardubice Region and is built on the synergy between wind power generation and battery energy storage.
Pavel Dejl named Czech Republic Lawyer of the Year at the Legal 500 Central & Eastern Europe Awards 2026
We are delighted to announce that KŠB partner Pavel Dejl has been named Czech Republic Lawyer of the Year at the prestigious Legal 500 Central & Eastern Europe Awards 2026.
Workplace mental health deserves attention, but the European Parliament’s proposals raise questions
On 6 October 2026, the European Parliament adopted a resolution calling on the European Commission to bring forward legislation on psychosocial risks, stress and mental health at work.
